Table of Contents
Why is my account showing zero balance?
In your case, call the bank or visit the bank and check why there is difference between current and available balance. Sometime it may be system error. In that case, bank will rectify. Else you will know about hold amount etc.
What is Paytm wallet minimum balance?
Paytm Payments Bank offers all the services which it does as a wallet, and additional features like: No minimum balance requirement. All digital transactions are free. 2.5\% Interest per annum on the money deposited in the Savings Account.
What is the validity of Paytm wallet balance?
24 months
As per RBI guidelines, you to need do complete Minimum KYC to activate your wallet and it is valid for 24 months only. To get complete benefits of wallet and to continue usage beyond 24 months, you need to complete your Full KYC.
How can I use my closing balance?
This closing balance formula is, however, pretty straightforward. You simply need to take your opening balance at the start of the accounting period, add any earnings, and subtract what you spent in the period.
What is hold balance charges?
Your account balance might be on hold fully or partially, due to: Overdue loan account or credit card payment, Towards recovery of outstanding charges pertaining to your account like non maintenance of average monthly balance, ECS bounce charges ,IPO applied for investment etc.
How can I reactivate my Paytm wallet?
How to Activate Paytm Wallet?
- Install and log in to the Paytm application.
- Locate the Paytm wallet (activate the Paytm wallet just by entering PAN details/driving license/Aadhaar card number, the wallet will get activated with a Rs 10,000 limit)
Can I pay from Paytm with minimum KYC?
Minimum KYC is required for using Wallet. Without Minimum KYC it is still possible for you to use Paytm for UPI money transfer and make purchases using credit/debit cards and net-banking.
What is daily closing balance?
Daily Closing Balance means the balance in your Account at the end of each Business Day.
Why is my balance on hold?
The most common reason banks put a hold on funds in your account is to ensure that a check clears. Putting it simply, they want to make sure they receive the appropriate funds before these funds are made available to you.
Which bank is best for zero balance account?
Latest Interest Rate for Zero Balance Savings Account
| Bank | Name of zero-balance savings account | Interest rate |
|---|---|---|
| Kotak Mahindra Bank | 811 | 4\% to 6\% |
| Standard Chartered Bank | Basic Banking Account | 0.5\% to 4.90\% |
| HDFC Bank | Basic Savings Bank Deposit Account | 3.50\% to 4\% |
| Axis Bank | Basic Savings Account | 3.50\% to 4\% |
Why can’t I add money to my Paytm Wallet?
In fact, this is the primary reason for customers not being able to add money to their Paytm wallet. In most cases, this happens if you have exceeded your KYC limits. The amount of money that you can add to your wallet at any point of time is decided intuitively based on your credit, debit and balance limit.
What is the integrated Paytm Wallet?
The integrated wallet offers its users a large array of services which includes making payments to merchants, sending money to another Paytm user, transferring money from your Wallet to any bank account, making online purchases and payments etc.
How much can I transfer from Paytm to my bank account?
You can transfer up to Rs.20,000 per month from Paytm to your Bank Account as per the RBI regulations. This limit applies to minimum KYC (Rs.20,000) wallet while Full KYC (Rs.1 lakh) wallet users can transfer up to Rs. 25,000 per month. The minimum amount to send to the bank is Rs 100.
Why can’t I pay a merchant via Paytm?
May be the merchant does not have an account with PayTM to receive payment from someone’s wallet. I found this out recently when I tried to pay a shop owner via PayTM.